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STATEMENT OF CASH FLOWS Hampton Industries had $53,000 in cash at year-end 2015 and $14,000 in cash...

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Finance

STATEMENT OF CASH FLOWS

Hampton Industries had $53,000 in cash at year-end 2015 and$14,000 in cash at year-end 2016. The firm invested in property,plant, and equipment totaling $280,000. Cash flow from financingactivities totaled +$190,000. Round your answers to the nearestdollar, if necessary.

  1. What was the cash flow from operating activities? Enter cashoutflows with a minus sign.
    $   
  2. If accruals increased by $15,000, receivables and inventoriesincreased by $165,000, and depreciation and amortization totaled$41,000, what was the firm's net income?
    $   

Answer & Explanation Solved by verified expert
4.4 Ratings (921 Votes)
Requirement 1 Cash flow from operating activities Net Change in Cash Cash at the end of the year Cash at the beginning of the year 14000 53000 39000 Net Change in Cash Cash    See Answer
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Transcribed Image Text

STATEMENT OF CASH FLOWSHampton Industries had $53,000 in cash at year-end 2015 and$14,000 in cash at year-end 2016. The firm invested in property,plant, and equipment totaling $280,000. Cash flow from financingactivities totaled +$190,000. Round your answers to the nearestdollar, if necessary.What was the cash flow from operating activities? Enter cashoutflows with a minus sign.$   If accruals increased by $15,000, receivables and inventoriesincreased by $165,000, and depreciation and amortization totaled$41,000, what was the firm's net income?$   

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